Early-Stage Investor India Quotient Invests In NeoDove
NeoDove, a sales and marketing automation platform for small and medium businesses (SMBs), has raised $1.5 million in a seed funding round.
The funding round was led by early-stage investor India Quotient. The funding round comes in quick succession to the company’s first angel round raised in August 2020.
Angel investors, including Sumit Agarwal (founder of Vyapar) and Ankit Garg (Founder of WakeFit), participated in the funding round.
As per the company, it will utilise the funds for accelerating product development and international growth expansion while also expanding its customer base in India.
Started by Arpit Khandelwal and Ankit Kumar Agrawal, NeoDove is a SaaS-based startup that offers cloud-based customer communication and reporting solution for engaging with customers & tracking employee productivity.
Talking about the platform, Arpit Khandelwal, Co-founder of NeoDove, said,
“NeoDove’s products are designed to help SMB’s engage customers across the entire digital ecosystem more intelligently and efficiently, by way of our identity-based data and predictive artificial intelligence (AI). COVID-19 has forced many businesses to rethink their customer experience, and our automation solutions have helped them make a swift and effective cloud transition.”
The startup is already witnessing more than five million interactions every month, with customers spending close to six hours on its mobile app.
According to a recent study by Bain and Co, Indian SaaS startups are expected to capture a 7-9% global market share by 2022.
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